Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $26.00 price target on the business services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 14.99% from the company’s previous close.

According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “

A number of other research firms have also weighed in on ASPS. ValuEngine raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. BidaskClub raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Northland Securities lowered Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. Compass Point raised Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and upped their price target for the company from $7.00 to $15.00 in a research note on Tuesday, July 25th. Finally, TheStreet lowered Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a research note on Monday, May 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $20.50.

Altisource Portfolio Solutions (NASDAQ:ASPS) traded down 3.13% during mid-day trading on Friday, reaching $22.61. The company had a trading volume of 212,948 shares. The stock has a 50 day moving average of $23.19 and a 200 day moving average of $25.64. Altisource Portfolio Solutions has a 52 week low of $16.17 and a 52 week high of $46.99. The stock has a market capitalization of $414.53 million, a price-to-earnings ratio of 74.87 and a beta of 0.75.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.19. The company had revenue of $250.69 million for the quarter, compared to analyst estimates of $239.30 million. Altisource Portfolio Solutions had a return on equity of 81.67% and a net margin of 0.60%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. Analysts anticipate that Altisource Portfolio Solutions will post $2.83 earnings per share for the current year.

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Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in Altisource Portfolio Solutions by 0.4% in the second quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock valued at $228,000 after buying an additional 39 shares in the last quarter. American International Group Inc. increased its stake in Altisource Portfolio Solutions by 7.1% in the first quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock valued at $262,000 after buying an additional 473 shares in the last quarter. American Century Companies Inc. increased its stake in Altisource Portfolio Solutions by 0.7% in the second quarter. American Century Companies Inc. now owns 127,118 shares of the business services provider’s stock valued at $2,774,000 after buying an additional 848 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in Altisource Portfolio Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,346 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,576 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Altisource Portfolio Solutions by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 45,215 shares of the business services provider’s stock valued at $1,664,000 after buying an additional 1,947 shares in the last quarter. Hedge funds and other institutional investors own 56.81% of the company’s stock.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

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